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Recessions are hard for everyone, but the architecture industry has a history of being especially impacted by downturns in the economy. This panel, one of Archinect's many upcoming virtual events, will share insights from architects who have successfully worked through previous recessions, or even... View full entry
The Trump administration and lawmakers in both parties generally don’t believe the government should be running in effect two enormous financial companies. Administration officials want to shrink the government’s involvement and return housing finance to a privately run system. — The Wall Street Journal
The Wall Street Journal takes a look at how (and why) the Trump Administration is looking to change the federal government's role in overseeing aspects of the nation's mortgage securities market. According to WSJ, the two government-sponsored entities secure half of the nation’s... View full entry
2020 Democratic presidential candidate Elizabeth Warren has unveiled a modest affordable housing plan that would work to improve existing development mechanisms in an effort to increase the supply of affordable housing across the country. Arguing that "government at all levels hasn’t done... View full entry
Main Street Renewal is an arm of Amherst Holdings, a real estate investing firm with $20 billion under management. It owns or manages some 16,000 single-family homes, scattered across the Midwest and the Sunbelt. That portfolio makes Amherst one of the biggest, fastest-growing players in institutionally owned rental homes, a $45 billion subsector of the real estate industry that barely existed before the Great Recession. — Fortune
Shawn Tully profiles Amherst Holdings and it's CEO Sean Dobson a "Texan data savant", who plans to use "digitally driven bargain hunting" and "Economies of scale" to "get to 1 million homes in the next 15 years or so." View full entry
Blackstone Group is cashing in on its bet on the suburban rental class.
The private-equity firm late Tuesday sold more than $1 billion of shares of Invitation Homes Inc., the giant single-family home landlord it launched following the financial crisis in a wager that many Americans would be willing to rent the suburban lifestyle they could no longer afford to own.
— Wall Street Journal
In the two years since private-equity firm Blackstone Group launched its suburban home management service, Invitation Homes, the company's stock has gone up by over 26%. During that same time, homeownership has fallen to its lowest levels since the mid-1990s, rents have edged upward in the... View full entry
While cities like Dallas and San Francisco have rebounded strongly since the recession, many other places are still struggling for economic growth and prosperity. As time goes on, we're seeing a divergence between successful parts of the country and the non-successful parts.
More than 50 million Americans live in "distressed" ZIP codes, according to a new report from the Economic Innovation Group, a Washington D.C. think-tank.
— Fast.Co Exist
"These areas—largely concentrated in the South, Southwest, and the Rust Belt—are suffering a "recovery gap" driven by low home investment, shuttering businesses, and poor job opportunities."According to the report, economic opportunities are intimately tethered to geography in the United... View full entry
